Adjustment of Overpayment/Underpayment Sample Clauses

Adjustment of Overpayment/Underpayment. If as a result of the audit, it is established that costs were overstated and the Authority paid more than it should have under this Agreement, Operator shall pay to the Authority the difference between the amount that should have been paid, and the amount that was paid. Such payment shall be made within thirty (30) days of receipt of written notice from the Authority. If the audit reveals that Operator’s records are in such a state that the charges cannot be properly determined, then the entire expense of said audit shall be borne by Operator and may result in a default under Article 12 of this Agreement. The provisions of this Section 7.2 shall survive the termination or expiration of this Agreement.
Sample 1
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Adjustment of Overpayment/Underpayment. As a result of an audit described in this Section 12.2, if it is established that the amount of Restaurant Percentage Rent, and the corresponding Rent Participation, or Office Premises Additional Rent was understated, or the amount of any expense(s) and/or adjustments was overstated, so that Landlord shall have been paid less than it was entitled to receive under this Lease, Tenant shall pay to Landlord the difference between the amount that should have been paid, plus interest at the Default Rate on such understated amount from the date due to Landlord. Such payment shall be made within thirty (30) days of receipt of written notice from Landlord. If the amount underpaid exceeds by three percent (3%) or more the amount that should have been paid, or if the audit reveals that Tenant's or its Subtenants records are in such a state that the revenue due Landlord cannot be properly determined, the entire reasonable third party expense of said audit and any costs of collection incurred by Landlord shall be borne by Xxxxxx. If the audit establishes that Xxxxxx has overpaid Landlord, then such overpayment shall, at Landlord's option, provided Tenant is not then in default be credited to Tenant within sixty (60) days of the approval of such credit by Xxxxxxxx's representative or, if such overpayment is established after the expiration of the Term, then Tenant shall be reimbursed within sixty (60) days of the approval of such reimbursement by Xxxxxxxx's representative. The provisions of this Section 12.2 shall survive the termination or expiration of this Lease.
Sample 1

Related to Adjustment of Overpayment/Underpayment

  • Payment of Overpayment If at any time the Province provides Funds in excess of the amount to which the Recipient is entitled under the Agreement, the Province may:

  • Underpayment In the event of a change which results in an underpayment to an employee, the employee shall be properly compensated on or before the next possible paycheck following discovery of the error. Upon request, the District shall provide the employee with specific written explanation for the underpayment through the Payroll Contact Person at the employee’s location.

  • Overpayment Provider shall be liable to the GLO for any costs disallowed pursuant to financial and/or compliance audit(s) of funds received under this Contract. Provider shall reimburse such disallowed costs from funds other than those that Provider received under this Contract. Provider must refund disallowed costs and overpayments of funds received under this Contract to the GLO within 30 days after the GLO issues notice of overpayment to Provider.

  • OVERPAYMENT OF PURCHASES OR UNDERPAYMENT OF FEES Without limiting any other remedy available to any Purchaser, Contractor shall (a) reimburse Purchasers for any overpayments inconsistent with the terms of this Master Contract or Purchase Orders placed thereunder, at a rate of 125% of any such overpayments, found as a result of the examination of Contractor’s records; and (b) reimburse Enterprise Services for any underpayment of vendor management fees, at a rate of 125% of such fees found as a result of the examination of Contractor’s records (e.g., if Contractor underpays the Vendor Management Fee by $500, Contractor would be required to pay to Enterprise Services $500 x 1.25 = $625); Provided, however, that, in the event Contractor timely discovers and corrects any Purchaser overpayment or Contractor underpayment of vendor management fees and does so prior to the initiation of any audit, Contractor shall be entitled to reimburse Purchaser or pay to Enterprise Services the actual amount of such Purchaser overpayment or such underpayment of vendor management fees.

  • Underpayments a. In the event the employee does not receive the wages or benefits to which the record/documentation has for all times indicated the employer agreed the employee was entitled, the Agency shall notify the employee in writing of the underpayment. This notification will include information showing that an underpayment exists and the amount of wages and/or benefits to be repaid. The Agency shall correct any such underpayment made within a maximum period of two (2) years before the notification.

  • Repayment of Overpayments 17.1 Any salary overpayments will be repaid to the employer within a reasonable period of time.

  • Definition of Overpayments An “Overpayment” means any funds that Xxxxxx receives or retains under any Federal health care program to which Xxxxxx, after applicable reconciliation, is not entitled under such Federal health care program.‌

  • Notice of Overpayment If the Contractor receives a vendor overpayment notice or a letter communicating the existence of an overpayment from DSHS, the Contractor may protest the overpayment determination by requesting an adjudicative proceeding. The Contractor’s request for an adjudicative proceeding must:

  • Billing Adjustment Credit To provide Customer the benefit of the rates and discounts in the Amendment as of the Effective Date and until such rates and discounts are implemented, the Company shall provide Customer with a one-time billing adjustment credit equal to $99,000.00, plus applicable taxes and surcharges. This credit shall compensate Customer for the difference between the Tariff/Guide/list rates invoiced during the 1st full billing cycle following Customer's signature date above and the rates and discounts in this Agreement. Waivers:

  • ADJUSTMENT OF COMPLAINTS Standing Committee Can Call in Members for Discussions of Grievances with the Company. (Page 261, 1946 Transcript) It is agreed that the Union Standing Committee may call in any other employee to accompany them in their meetings with Company officials. Exhibit "A"

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